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Pin to quick picksPanther Metals Share News (PALM)

Share Price Information for Panther Metals (PALM)

London Stock Exchange
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Share Price: 5.00
Bid: 5.00
Ask: 5.50
Change: 0.00 (0.00%)
Spread: 0.50 (10.00%)
Open: 5.25
High: 5.25
Low: 5.25
Prev. Close: 5.25
PALM Live PriceLast checked at -

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Fulcrum Metals notes Dahrouge's year-end uranium-focused reports

Mon, 15th Jan 2024 14:16

(Alliance News) - Fulcrum Metals PLC said that Dahrouge Geological Consulting Ltd completed year-end reports on Fulcrum's Charlot-Neely and Fontaine Lake uranium properties.

The Canada-focused mineral exploration and development company noted findings of 7,130 parts per million of uranium at Fontaine Lake and 5,680 ppm uranium at Charlot-Neely.

Panther Metals PLC, a Canada-focused mineral exploration company which holds a 20% stake in Fulcrum, noted the announcement.

Panther Metals Chief Executive Officer Darren Hazelwood said: "Our exposure to uranium via our holding in Fulcrum Metals is largely lost by the market but its significance is growing as we witness a bullish uranium market combined with Fulcrum expanding its own footprint. I'm looking forward to seeing how the team develop the portfolio via a spin-out or partnership deal that has the potential to benefit Panther at a time we are accelerating our own business model."

Fulcrum shares rose 1.8% to 16.03 pence each on Monday afternoon in London, while Panther Metals shares fell 8.2% to 3.90p each.

By Tom Budszus, Alliance News slot editor

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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